AZERIA SELECTION: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
AZERIA SELECTION
Largest movements
- Receivables within one year +€5,965
up €5,965 (+15.7%), from €37,974 to €43,939
of which Trade receivables: +€6,718
- Tangible fixed assets -€1,788
down €1,788 (-28.6%), from €6,246 to €4,457
- Cash -€1,717
down €1,717 (-83.4%), from €2,059 to €342
mainly Receivables within one year (-€5,965) and Tax, wage and social debts (-€4,723)
- Tax, wage and social debts -€4,723
down €4,723 (-57.6%), from €8,200 to €3,477
- Reserves +€4,500
up €4,500 (+75.5%), from €5,960 to €10,460
of which Distributable reserves: +€4,500
- Other debts +€2,800
new in 2025: €2,800
- Trade debts -€1,074
down €1,074 (-4.9%), from €21,707 to €20,634
of which Bills of exchange payable: -€605
- Profit (loss) carried forward +€956
up €956 (+22.7%), from €4,212 to €5,169
- Gross operating margin +€5,586
up €5,586 (+106%), from €5,257 to €10,842
- Taxes +€1,709
up €1,709 (+190%), from €901 to €2,610
- Financial charges -€655
down €655 (-59.3%), from €1,104 to €449
- Other operating charges -€149
down €149 (-21.7%), from €687 to €538
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,279 | €48,739 | +€2,459 | +5.3% |
| Fixed assets | 21/28 | €6,246 | €4,457 | -€1,788 | -28.6% |
| Tangible fixed assets | 22/27 | €6,246 | €4,457 | -€1,788 | -28.6% |
| Furniture and vehicles | 24 | €6,246 | €4,457 | -€1,788 | -28.6% |
| Current assets | 29/58 | €40,034 | €44,281 | +€4,248 | +10.6% |
| Amounts receivable within one year | 40/41 | €37,974 | €43,939 | +€5,965 | +15.7% |
| Trade receivables | 40 | - | €6,718 | +€6,718 | |
| Other amounts receivable | 41 | €37,974 | €37,221 | -€753 | -2.0% |
| Cash at bank and in hand | 54/58 | €2,059 | €342 | -€1,717 | -83.4% |
| Total equity and liabilities | 10/49 | €46,279 | €48,739 | +€2,459 | +5.3% |
| Equity | 10/15 | €16,372 | €21,828 | +€5,456 | +33.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €5,960 | €10,460 | +€4,500 | +75.5% |
| Non-distributable reserves | 130/1 | €160 | €160 | = | 0.0% |
| Reserves not available under the articles | 1311 | €160 | €160 | = | 0.0% |
| Distributable reserves | 133 | €5,800 | €10,300 | +€4,500 | +77.6% |
| Profit (loss) carried forward | 14 | €4,212 | €5,169 | +€956 | +22.7% |
| Amounts payable | 17/49 | €29,908 | €26,911 | -€2,997 | -10.0% |
| Amounts payable within one year | 42/48 | €29,908 | €26,911 | -€2,997 | -10.0% |
| Trade debts | 44 | €21,707 | €20,634 | -€1,074 | -4.9% |
| Suppliers | 440/4 | €21,102 | €20,634 | -€469 | -2.2% |
| Bills of exchange payable | 441 | €605 | - | -€605 | |
| Taxes, remuneration and social security | 45 | €8,200 | €3,477 | -€4,723 | -57.6% |
| Taxes | 450/3 | €8,200 | €3,477 | -€4,723 | -57.6% |
| Other amounts payable | 47/48 | - | €2,800 | +€2,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,889 | €1,788 | -€101 | -5.3% |
| Other operating charges | 640/8 | €687 | €538 | -€149 | -21.7% |
| Gross operating margin | 9900 | €5,257 | €10,842 | +€5,586 | +106% |
| Operating profit (loss) | 9901 | €2,680 | €8,516 | +€5,836 | +218% |
| Financial charges | 65/66B | €1,104 | €449 | -€655 | -59.3% |
| Recurring financial charges | 65 | €1,104 | €449 | -€655 | -59.3% |
| Profit (loss) for the period before taxes | 9903 | €1,576 | €8,067 | +€6,490 | +412% |
| Income taxes | 67/77 | €901 | €2,610 | +€1,709 | +190% |
| Profit (loss) for the period | 9904 | €675 | €5,456 | +€4,781 | +708% |
| Profit (loss) for the period to be appropriated | 9905 | €675 | €5,456 | +€4,781 | +708% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.